Sowell Financial Services LLC Has $8.45 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Sowell Financial Services LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 10.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,620 shares of the electric vehicle producer's stock after buying an additional 3,182 shares during the period. Sowell Financial Services LLC's holdings in Tesla were worth $8,454,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Wealth Group Ltd. acquired a new position in Tesla in the 4th quarter worth about $275,000. Tallon Kerry Patrick acquired a new position in shares of Tesla during the 4th quarter valued at about $374,000. Eagle Capital Management LLC acquired a new position in shares of Tesla during the 4th quarter valued at about $331,000. Brighton Jones LLC increased its holdings in shares of Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after acquiring an additional 9,293 shares during the last quarter. Finally, Revolve Wealth Partners LLC increased its holdings in shares of Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock valued at $2,147,000 after acquiring an additional 931 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,564 shares of Tesla stock in a transaction on Monday, June 9th. The stock was sold at an average price of $285.71, for a total value of $732,560.44. Following the completion of the sale, the chief financial officer now directly owns 5,924 shares of the company's stock, valued at approximately $1,692,546.04. This trade represents a 30.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia bought 4,000 shares of the stock in a transaction dated Thursday, April 24th. The stock was purchased at an average cost of $256.31 per share, with a total value of $1,025,240.00. Following the completion of the purchase, the director now directly owns 4,111 shares in the company, valued at approximately $1,053,690.41. This trade represents a 3,603.60% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 818,509 shares of company stock valued at $273,791,775. Company insiders own 20.70% of the company's stock.

Tesla Trading Up 1.9%

TSLA stock opened at $325.31 on Monday. The business has a fifty day moving average price of $299.39 and a 200 day moving average price of $332.88. Tesla, Inc. has a fifty-two week low of $177.00 and a fifty-two week high of $488.54. The stock has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 159.47, a P/E/G ratio of 5.86 and a beta of 2.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). The firm had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period last year, the business posted $0.45 earnings per share. Analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Robert W. Baird reissued a "neutral" rating and set a $320.00 price objective on shares of Tesla in a report on Monday, June 9th. BNP Paribas set a $137.00 price objective on Tesla and gave the company an "underperform" rating in a report on Wednesday, April 16th. HSBC decreased their target price on Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a research note on Thursday, March 27th. Barclays decreased their target price on Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Finally, Guggenheim restated a "sell" rating and set a $170.00 target price on shares of Tesla in a research note on Thursday, April 24th. Ten analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $293.67.

Tesla Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

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